Action 9 Investigates Timeshare Company

A warning for timeshare owners about offers you could be seeing in the mail. Action 9 has uncovered a new industry that targets people desperate to sell their timeshares -- who then think a company is ready to buy their unit. Reporter Todd Ulrich uncovers the real deal behind this tactic--- which ends-up costing you thousands of dollars.

(Todd) "A lot of these timeshare owners feel double crossed." (Company Representative) "Because?"

We had just heard his presentation---inside an International Drive hotel. The audience---local time share owners---who had received a postcard---from Apex Professionals out of Nevada. It reads, "now making immediate offers to timeshare owners who want to sell."

Inside---we had heard timeshare maintenance fees have soared--the resale market is bad---so get out now and save a bundle on taxes. The company's offer-- 35 hundred dollars----but then you find out---that's how much you have to pay them to take it over.

"These people wanted 35 hundred dollars and your deed which is really unconscionable as far an I'm concerned," said Lisa Ann Schreier. Lisa is a time share consumer advocate---who listened to the sales talk with us. She was shocked by the so called 'offer.' So was a couple from Volusia County.

(Todd) "Are you here for the 11 o'clock time share presentation?" (consumer) "Yes." (Todd) "Do you think they're going to offer you money for your timeshare?" (consumer) "Yes."

The presenter, who would not give us his full name, said we did not understand the time share industry.

Now that the Remington's know what that "offer" is, they had another idea. "We're not even going in. We know better."

We found several new companies make these offers. Consumer experts say timeshare owners can rent, or sell at a loss, and even that would be a better deal.